It has always bothered me - astonished me, really - that banks and such are legally able to sell MY debt. It seems to me - at a human level - that if I owe someone - or in this case, a company - money, then I don't owe it to anyone ELSE.
Shouldn't this should be a paramount notion in consumer finances? If a corporate debtor-entity no longer wants MY debt, then it can forgive me the debt - otherwise, I will continue to pay, as agreed. To sell my debt to another entity is - again, at the human level - absurd and truly feels criminal.
And then I remember that nowadays so much money is "made" in exactly that way, by selling and re-selling other people's obligations, from false-front securities entity to false-front securities entity, from here to the Cayman Islands.
Sunday, June 10, 2012
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2012
(15)
-
▼
June
(7)
- It has always bothered me - astonished me, really ...
- Decent Words in a Rotten World (from 2008-01-22)
- Politics.... (an old rant from 2009 or 2010)
- That Evil Socialist Healthcare Bill was Passed (an...
- "Not Wanted" Ads (an old rant from 2009 or 2010)
- Now, ignorance - in a general sense - is what cons...
- My three-eyed blog still exists here on Blogger! ...
-
▼
June
(7)
No comments:
Post a Comment